The young Aussies pushed out of the 'Australian dream' of owning a home

United Kingdom News News

The young Aussies pushed out of the 'Australian dream' of owning a home
United Kingdom Latest News,United Kingdom Headlines
  • 📰 9NewsSyd
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

9News spoke with a group of young Australians who still hope to buy a home but sky-high prices are making it unattainable. 9News

Start a family or own a home? It hardly seems a fair question but for many Australian couples, it's the stark reality they now face.

The other option is to move back in to a rental but with the low vacancy rates and high prices, it's not viable.'That goal has slipped away' Lara Nesteroff and husband Murray dream of buying a home but it feels unachieaveble with the current prices.And even when you buy a home, it might not be liveable if it's in the lower price range, which means forking out more money for renovations.

"When I was entering the workforce, the median house price was around $450,000 but now it's easily $700,000 and increasing," she said. "The housing market feels scary. I work in real estate and everyone around you is nonchalant about everything when it's not that easy for everyone," she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

9NewsSyd /  🏆 23. in AU

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

One in four young Australians 'very or extremely concerned' about climate change, survey findsOne in four young Australians 'very or extremely concerned' about climate change, survey findsYoung Australians are worried about how climate change will impact their future — and for many of them, that stress is having a tangible impact on their mental health, a study shows.
Read more »

‘Substantial increase’: Demands for Centrelink cash boost for millions of Aussies‘Substantial increase’: Demands for Centrelink cash boost for millions of AussiesThe Albanese government is facing demands for a “substantial increase” to Centrelink Jobseeker payments in next month’s federal budget with the treasurer’s own advisory committee slamming the current rate as “seriously inadequate”. auspol 7NEWS
Read more »

Aussies name four openers as David Warner named in Ashes squadAussies name four openers as David Warner named in Ashes squadDavid Warner has been named in Australia's squad for the start of the Ashes, while Marcus Harris and Matt Renshaw have also been listed as batting options.
Read more »

9News - Latest news and headlines from Australia and the world9News - Latest news and headlines from Australia and the worldTomorrow the beach will be lined with people watching the solar eclipse, today they got to witness a show of a different kind.
Read more »

'Party of the century': How Aussies can gatecrash King Charles' coronation'Party of the century': How Aussies can gatecrash King Charles' coronationThe crowning of King Charles on May 6 will trigger a global celebration the world hasn't seen since Queen Elizabeth ascended to the throne more than 70 years ago, writes Des Houghton.
Read more »

‘Australians will judge him’: Albanese criticises Peter Dutton’s ‘negativity’‘Australians will judge him’: Albanese criticises Peter Dutton’s ‘negativity’Prime Minister Anthony Albanese says Peter Dutton can “continue to wallow in his negativity” as the Opposition leader continues to oppose certain Labor government policies. “Peter Dutton is against the Voice, he’s against the housing Australia future fund, he’s against manufacturing jobs through the national reconstruction fund, he’s against energy price relief plan for households … he’s against climate change action and climate change targets even though the business community were unanimous in their support,” Mr Albanese told Sky News Australia. “Peter Dutton can continue to wallow in his negativity, I think Australians will judge him for that … what I’m about is having a positive agenda for the country.”
Read more »



Render Time: 2025-03-11 03:20:38